Cement News tagged under: Denmark
FLSmidth updates full-year guidance26 August 2015, Published under Cement NewsFLSmidth’s order intake and revenue showed solid growth in the second quarter of this year supported by currency developments. However, the company noted that the outlook for the global mining industry has deteriorated in recent weeks, which has had an adverse impact on management's assessment of business risks and earnings in 2015. During the second quarter, the order intake increased 13 per cent YoY to DKK5259m. The order backlog decreased 17 per cent to DKK18,105m. Revenue rose four... |
FLSmidth expects pick-up in cement order intake in 201513 May 2015, Published under Cement NewsFLSmidth reported a 39 per cent decline in cement order intake for the first quarter of 2015 but, based on the current order tender activity, the group still expects the division's full-year order intake to be higher than last year. In its interim report released last week, FLSmidth reported a decline in both total revenue and order intake of three per cent over Jan-March 2015 period, despite currency tailwind. The drop in revenue was related to the Minerals division as a consequence of a l... |
FLSmidth concludes Cembrit sale02 February 2015, Published under Cement NewsFLSmidth has now successfully closed the divestment of Cembrit to Solix Group AB, to sell all shares in Cembrit Holding A/S at a price of DKK1.1bn (enterprise value on a debt-free basis). Cembrit is one of the leading distributors and manufacturers of fibre-cement products in Europe. The deal was initially announced in mid-January 2015 and concludes FLSmidth's divestment of building materials companies. |
FLSmidth sells Cembrit Holding A/S13 January 2015, Published under Cement NewsFLSmidth has signed an agreement with a company in the Solix Group AB to sell all shares in Cembrit Holding A/S, one of the leading distributors and manufacturers of fibre-cement products in Europe, for DKK1.1bn (EUR147.9m). The sale of Cembrit concludes FLSmidth's divestment of building materials companies, a process that started 10 years ago by the divestment of Aalborg Portland and Unicon. The buyer of Cembrit is a consortium of investors headed by Solix Group AB. Solix' strategy ... |
FLSmidth maintains 2014 guidance14 August 2014, Published under Cement NewsFLSmidth has reviewed and approved the company’s interim report for the six months to 30 June 2014, maintaining its 2014 guidance and noting a significant improvement in margins. However, its order intake declined declined due to a lack of large orders, whereas announced orders were stable. In 2Q14 FLSmidth's order intake fell by 17 per cent to DKK4643m and the order backlog fell by 20 per cent to DK21,713m. Revenue was down 19 per cent to DKK5577m. EBITA increased 52 per cent to DK472m, c... |
Corporate restructuring at FLSmidth14 August 2014, Published under Cement NewsFLSmidth has announced a number of organisational structure changes, as well as adjustments to the Group Executive Management. The new organisation will consist of the four divisions. The Material Handling and Mineral Processing divisions will be merged into a Minerals division. Cement and Customer Services will be maintained as separate divisions. A new Product Companies division will be created to foster globalisation and growth of FLSmidth's unique product brands. FLSmidth said the new... |
Cementir offsets a weaker Italy by better markets elsewhere06 February 2014, Published under Cement NewsCementir Holding's turnover improved by 1.3 per cent to EUR988.6m, while at constant currencies the increase would have been 5.6 per cent. EBITDA improved by 22.9 per cent to EUR169.7m, though this was boosted by non-recurring credits approaching EUR10m. As a result, the margin improved from 14.1 per cent to 17.2 per cent, or to 16.2 per cent excluding non-recurring items. The trading profit showed a more marked advance, rising by 59.1 per cent to EUR76.7m. Net debt at the end of 2013 ... |
New member of FLSmidth Group Executive Management10 January 2014, Published under Cement NewsFLSmidth announced that Eric Thomas Poupier has been appointed to a newly created position in Group Executive Management as Group Executive Vice President, Business Development and will take up his new position 15 January 2014. Eric Thomas Poupier, age 37, is a French citizen and has since 2011 been a Manager at Bain & Company in Stockholm managing projects for Nordic clients. From 2007 to 2011 Eric Poupier was a consultant for Bain & Company in Stockholm specialised in reorganisation, gro... |
FLSmidth releases interim report 1H1323 August 2013, Published under Cement NewsDanish turnkey supplier FLSmidth announced that its 1H13 order book has slipped, while revenues are also down. The company said : "Cement earnings were significantly below last year as expected. Order intake decreased 30 per cent, but revenue increased 37 per cent, whereas EBITA decreased 37 per cent." FLSmidth had expected the market to remain fairly subdued between January-June 2013 and it saw no major shifts in demand for new orders. "The overall market stayed subdued, but good region... |
FLSmidth CEO to retire in 2013, Denmark04 December 2012, Published under Cement NewsJørgen Huno Rasmussen, age 60, Group CEO of FLSmidth & Co A/S since 2003, is to retire in mid-2013, 10 years after agreeing to join FLSmidth as Group CEO. Following news of Mr Rasmussen's impending departure, Vagn Ove Sørense, chairman of the board of FLSmidth, said: "On behalf of the board, I wish to express my sincere gratitude to Jørgen Huno Rasmussen for his decisive contribution to the successful turnaround and development of the FLSmidth Group and for his dedicated leadership over 10... |